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TORONTO, ONTARIO--(Marketwired - Jan. 4, 2016) - Adriana Resources Inc. ("Adriana" or the "Company") - (TSX VENTURE:ADI) announces that it made an additional investment of $3,054,451 in Lac Otelnuk Mining Ltd. ("LOM") pursuant to a cash call that will fund the costs for the LOM joint venture beyond 2020. Adriana owns 40% of LOM, which is a joint venture company with WISCO International Resources Development & Investment Limited ("WISCO"), which in turn holds the Lac Otelnuk Property in Nunavik, Québec. WISCO has funded their portion of the cash call in the amount of $4,581,676. Annual costs are expected to be approximately $660,000 per year to keep the claims in good standing. |
